These are the stories making headlines in fashion on Tuesday.
Marc Jacobs Covers Vanity Fair
Marc Jacobs covers Vanity Fair‘s latest style issue, discussing the pending sale of his namesake label from LVMH to a joint venture between WHP Global and G-III Apparel Group in an accompanying interview. (The deal is valued at roughly $850 million and expected to close by October.) Jacobs said he remains uncertain about his brand’s future direction and acknowledged frustration with how LVMH managed the business over nearly three decades, while also praising chairman Bernard Arnault. New co-owners Yehuda Shmidman and Morris Goldfarb said they intend to keep Jacobs involved creatively and continue his runway shows. {Vanity Fair/paywalled}
Photo: Robin Galiegue
Céline Dion Fronts Harper’s Bazaar
Céline Dion is the face of Harper’s Bazaar‘s 2026 Icons issue, with her U.S. cover releasing Aug. 25, alongside international covers featuring Loli Bahia and Tao Okamoto across 18 global editions. The wider Icons portfolio also features Charlotte Rampling, Alysa Liu, Julie Mehretu, Cara Delevingne, Gabbriette, Chris Fleming, Kim Gordon and Anna Sawai. {Fashionista Inbox}
Abercrombie CMO Departs for Vuori
Vuori has named Carey Collins Krug as its new chief marketing officer, effective Oct. 5, tapping the former Abercrombie & Fitch marketing chief to lead the activewear brand’s global marketing strategy. Krug, who is credited with helping drive Abercrombie’s digital-first turnaround and renewed cultural relevance, will oversee Vuori’s marketing organization as the company continues to scale internationally. {Business Wire)
CFDA Launches Third Empowered Vision Award
The Andréa W. and Kenneth C. Frazier Family Foundation and CFDA have launched the third edition of the Empowered Vision Award, a program supporting emerging Black designers with a $100,000 grant, mentorship and business development resources. Applications open Sept. 1, with a well-rounded selection committee of nine that includes fashion critic Robin Givhan, designer Willy Chavarria and musician Travis Scott. Since launching in 2024, the award has gone to Diotima and Proenza Schouler’s Rachel Scott as its inaugural recipient, followed by designer Daveed Baptiste in 2025. {Fashionista Inbox}
Frasers Group Expands Hugo Boss Holding
Frasers Group, controlled by billionaire Mike Ashley, has raised its stake in Hugo Boss to 48% after 17.6% of shareholders accepted a €38-per-share ($43-per-share) offer, even though the German fashion house’s board had rejected the bid as inadequate in June. The move follows Frasers’ recent £40 million ($54 million) acquisition of Harvey Nichols out of administration and adds to Ashley’s growing luxury portfolio, which already includes Flannels and a significant stake in Mulberry. {Hugo Boss}
Dior’s Mathilde Favier Dies at 57
Dior confirmed the death of longtime public relations executive Mathilde Favier, 57, who died Monday in a car accident alongside her partner, French film producer Nicolas Altmayer. Favier most recently served as international PR director for Dior women, managing VIP relations with celebrities including Rihanna and Jennifer Lawrence. “Dior is losing an incredible professional, and I have lost a loyal friend. Her optimism and courage commanded admiration. We will sorely miss her smile and her talent. I feel deeply saddened today; my thoughts are very much with her children, her mother, her sisters, her family, her many friends and her team she loved so much,” said Chairman and CEO of Christian Dior Couture Delphine Arnault. {WWD/paywalled}
Amer Sports Tops Q2 Estimates
Shares of Amer Sports gained momentum early Tuesday after the company reported second-quarter revenue growth of more than 30% and lifted its full-year 2026 outlook for the second time this year. Net income for the quarter climbed to $107.2 million from $18.2 million a year earlier, helped by a $50.1 million tariff refund benefit, though revenue of $1.63 billion fell short of Wall Street’s $2.07 billion estimate. Growth was led by Arc’teryx, which drove a 32% rise in technical apparel to $674 million, alongside gains in Salomon outdoor products and Wilson tennis gear. {Amer Sports}
